Embassy buys out Goldman Sachs, Century in Bangalore realty project

Embassy Property Developments Pvt. Ltd has bought out from its partners Goldman Sachs Group Inc. and real estate firm Century Real Estate Holdings Pvt. Ltd, a 6.5-acre project in Bangalore that will have a Four Seasons hotel and luxury homes.

The deal value is Rs.630 crore. To help finance the deal, global private equity firm Blackstone Group LP will invest Rs.200 crore to acquire a 50% stake in the project. Read More..